Analysts forecast that Antero Midstream Corp (NYSE:AM) will report $0.22 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have issued estimates for Antero Midstream’s earnings, with the lowest EPS estimate coming in at $0.17 and the highest estimate coming in at $0.26. Antero Midstream posted earnings of $0.07 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 214.3%. The business is scheduled to issue its next quarterly earnings report on Wednesday, August 7th.

On average, analysts expect that Antero Midstream will report full year earnings of $0.86 per share for the current year, with EPS estimates ranging from $0.71 to $0.96. For the next fiscal year, analysts forecast that the firm will post earnings of $1.10 per share, with EPS estimates ranging from $0.90 to $1.27. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover Antero Midstream.

Antero Midstream (NYSE:AM) last announced its quarterly earnings results on Wednesday, May 1st. The pipeline company reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.11). The firm had revenue of $265.80 million for the quarter, compared to analyst estimates of $287.06 million. Antero Midstream had a net margin of 35.14% and a return on equity of 14.35%. The firm’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.07 earnings per share.

AM has been the topic of a number of recent analyst reports. Capital One Financial downgraded Antero Midstream from an “overweight” rating to an “equal weight” rating in a research note on Friday, February 1st. Zacks Investment Research downgraded Antero Midstream from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 6th. ValuEngine downgraded Antero Midstream from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. Raymond James downgraded Antero Midstream from a “strong-buy” rating to an “outperform” rating and dropped their price target for the stock from $19.00 to $17.00 in a research report on Tuesday, April 16th. They noted that the move was a valuation call. Finally, Barclays reaffirmed a “hold” rating and issued a $16.00 price target on shares of Antero Midstream in a research report on Thursday, May 9th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $30.31.

In other news, insider Michael N. Kennedy sold 210,000 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $12.45, for a total transaction of $2,614,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 7.91% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in shares of Antero Midstream by 7.2% in the 3rd quarter. BlackRock Inc. now owns 615,476 shares of the pipeline company’s stock valued at $17,640,000 after purchasing an additional 41,464 shares in the last quarter. Chickasaw Capital Management LLC boosted its holdings in shares of Antero Midstream by 4.7% during the 4th quarter. Chickasaw Capital Management LLC now owns 5,224,644 shares of the pipeline company’s stock valued at $111,755,000 after acquiring an additional 234,350 shares in the last quarter. IFP Advisors Inc acquired a new stake in shares of Antero Midstream during the 4th quarter valued at $154,000. Payden & Rygel boosted its holdings in shares of Antero Midstream by 5.9% during the 4th quarter. Payden & Rygel now owns 831,740 shares of the pipeline company’s stock valued at $17,791,000 after acquiring an additional 46,000 shares in the last quarter. Finally, Keybank National Association OH boosted its holdings in shares of Antero Midstream by 25.4% during the 4th quarter. Keybank National Association OH now owns 17,833 shares of the pipeline company’s stock valued at $381,000 after acquiring an additional 3,610 shares in the last quarter. 50.22% of the stock is owned by hedge funds and other institutional investors.

Shares of Antero Midstream stock opened at $12.81 on Friday. The stock has a market cap of $2.28 billion, a PE ratio of 38.82 and a beta of 1.70. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.99 and a quick ratio of 0.99. Antero Midstream has a 52-week low of $10.12 and a 52-week high of $19.91.

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 8th. Investors of record on Friday, April 26th were paid a $0.3025 dividend. This represents a $1.21 annualized dividend and a yield of 9.45%. The ex-dividend date was Thursday, April 25th. Antero Midstream’s dividend payout ratio is 366.67%.

About Antero Midstream

Antero Midstream Corporation owns and operates midstream energy assets servicing rich gas production in North America. It owns and operates an integrated system of natural gas gathering pipelines, compression stations, processing and fractionation plants, and water handling and treatment assets in the Marcellus Shale and Utica Shale basins.

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Earnings History and Estimates for Antero Midstream (NYSE:AM)

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